secures new EUR 600 million revolving credit facility
Summary
The terms and conditions for the new facility have been improved, including a notably lower credit margin for utilized debt, which will reduce interest expenses through both improved terms and a reduced financial leverage.Thanks to the significant measures taken throughout the current calendar year, we have strengthened our financial structure and responsibly reduced our financial leverage. This step is part of our transition to becoming a leaner and more focused company, says Lars Wingefors, co-founder and CEO of Embracer.A total of seven banks from Europe and North America have participated in the transaction. SEB as coordinator, BNP Paribas, Citibank, N.A., London Branch, DNB Bank ASA, Sweden Branch, J.P. Morgan SE, Nordea Bank Abp, filial i Sverige and Swedbank AB (publ).For more information, please contact:Arman Teimouri, Head of External RelationsPhone: +46 793 33 05 60Email: arman.teimouri@embracer.comAbout Embracer GroupEmbracer Group is a global Group of creative and entrepreneurial businesses in PC, console, mobile and other related media. With its head office based in Karlstad, Sweden, Embracer Group has a global presence through its ten operative groups: THQ Nordic, PLAION, Coffee Stain, Amplifier Game Invest, DECA Games, Easybrain, Asmodee, Dark Horse, Freemode and Crystal Dynamics Eidos. The Group has 106 internal game development studios and is engaging more than 11,000 employees in more than 40 countries.Embracer Groups shares are publicly listed on Nasdaq Stockholm under the ticker EMBRAC B.Subscribe to press releases and financial information here.